NB CONSTRUCTION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NB CONSTRUCTION
Largest movements
- Tangible fixed assets +€24,385
up €24,385 (+59.5%), from €40,965 to €65,349
of which Furniture and vehicles: +€30,472
- Receivables within one year +€9,581
up €9,581 (+78.1%), from €12,268 to €21,849
of which Trade receivables: +€9,205
- Cash -€3,878
down €3,878 (-85.5%), from €4,537 to €659
mainly Investment in fixed assets (net) (-€40,838) and Trade debts (-€15,383)
- Debts after one year +€33,854
new in 2025: €33,854
- Trade debts -€15,383
down €15,383 (-66.9%), from €22,980 to €7,598
- Current portion of long-term debt +€12,769
new in 2025: €12,769
- Profit (loss) carried forward -€4,990
down €4,990 (-55.7%), from €8,963 to €3,973
- Tax, wage and social debts +€2,969
up €2,969 (+23.5%), from €12,641 to €15,610
of which Remuneration and social security: +€2,858
- Gross operating margin +€22,449
up €22,449 (+31.5%), from €71,375 to €93,824
- Staff costs +€13,143
up €13,143 (+25.0%), from €52,523 to €65,666
- Depreciation +€4,376
up €4,376 (+36.2%), from €12,078 to €16,453
- Financial charges -€1,739
down €1,739 (-43.5%), from €4,002 to €2,263
of which Non-recurring financial charges: -€2,465
- Taxes -€1,422
no longer reported in 2025 (was €1,422)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,811 | €88,480 | +€29,669 | +50.4% |
| Fixed assets | 21/28 | €41,365 | €65,749 | +€24,385 | +59.0% |
| Tangible fixed assets | 22/27 | €40,965 | €65,349 | +€24,385 | +59.5% |
| Plant, machinery and equipment | 23 | €14,154 | €8,067 | -€6,087 | -43.0% |
| Furniture and vehicles | 24 | €26,811 | €57,283 | +€30,472 | +114% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €17,446 | €22,731 | +€5,284 | +30.3% |
| Amounts receivable within one year | 40/41 | €12,268 | €21,849 | +€9,581 | +78.1% |
| Trade receivables | 40 | €8,987 | €18,192 | +€9,205 | +102% |
| Other amounts receivable | 41 | €3,281 | €3,656 | +€376 | +11.5% |
| Cash at bank and in hand | 54/58 | €4,537 | €659 | -€3,878 | -85.5% |
| Deferred charges and accrued income | 490/1 | €641 | €223 | -€418 | -65.2% |
| Total equity and liabilities | 10/49 | €58,811 | €88,480 | +€29,669 | +50.4% |
| Equity | 10/15 | €13,963 | €8,973 | -€4,990 | -35.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,963 | €3,973 | -€4,990 | -55.7% |
| Amounts payable | 17/49 | €44,848 | €79,507 | +€34,659 | +77.3% |
| Amounts payable after more than one year | 17 | - | €33,854 | +€33,854 | |
| Financial debts | 170/4 | - | €33,854 | +€33,854 | |
| Amounts payable within one year | 42/48 | €44,848 | €45,653 | +€805 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,769 | +€12,769 | |
| Financial debts | 43 | €2,367 | - | -€2,367 | |
| Credit institutions | 430/8 | €2,367 | - | -€2,367 | |
| Trade debts | 44 | €22,980 | €7,598 | -€15,383 | -66.9% |
| Suppliers | 440/4 | €22,980 | €7,598 | -€15,383 | -66.9% |
| Taxes, remuneration and social security | 45 | €12,641 | €15,610 | +€2,969 | +23.5% |
| Taxes | 450/3 | €4,116 | €4,227 | +€111 | +2.7% |
| Remuneration and social security | 454/9 | €8,525 | €11,383 | +€2,858 | +33.5% |
| Other amounts payable | 47/48 | €6,860 | €9,676 | +€2,816 | +41.1% |
| Remuneration, social security and pensions | 62 | €52,523 | €65,666 | +€13,143 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,078 | €16,453 | +€4,376 | +36.2% |
| Other operating charges | 640/8 | €275 | €571 | +€296 | +108% |
| Non-recurring operating charges | 66A | - | €14,146 | +€14,146 | |
| Gross operating margin | 9900 | €71,375 | €93,824 | +€22,449 | +31.5% |
| Operating profit (loss) | 9901 | €6,500 | -€3,012 | -€9,512 | |
| Financial income | 75/76B | €29 | €285 | +€257 | +892% |
| Recurring financial income | 75 | €29 | €285 | +€257 | +892% |
| Financial charges | 65/66B | €4,002 | €2,263 | -€1,739 | -43.5% |
| Recurring financial charges | 65 | €899 | €1,625 | +€726 | +80.7% |
| Non-recurring financial charges | 66B | €3,103 | €638 | -€2,465 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €2,527 | -€4,990 | -€7,517 | |
| Income taxes | 67/77 | €1,422 | - | -€1,422 | |
| Profit (loss) for the period | 9904 | €1,105 | -€4,990 | -€6,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,105 | -€4,990 | -€6,095 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.